WeWork Raises $760 Million in New Capital

Deal brings startup’s valuation to an estimated $21 billion

WeWork Cos. has raised $760 million in new capital, according to a person familiar with the situation.

The New York company, which operates shared office and co-living spaces, is now valued at $21.06 billion with the new funding, according to an estimate by PitchBook Data Inc. That catapults WeWork to the fifth-highest valuation among private...